First U.S. halal fixed income fund passes $100 million in net assets
FALLS CHURCH, VA, August 31, 2016) – Azzad Asset Management today announced that its flagship mutual fund — the first halal fixed income fund in the United States — crossed the $100 million threshold in August. A socially responsible, interest-free alternative to bond funds, the Azzad Wise Capital Fund (NASDAQ: WISEX) was launched in 2010. […]
How to make your portfolio “fracking-free”
As the 2016 presidential campaign gets into full swing, voters across the country have an opportunity to hear directly from the candidates on important issues. Neither of the two major political parties has taken a coherent, ethically rigorous stance on hydraulic fracturing, or “fracking.” But there are other ways for the ecologically conscious to make […]
Why Azzad didn’t invest in private prisons
When the U.S. Department of Justice (DOJ) announced that it would stop contracting with for-profit prison operators, Azzad’s investment team remembered why we chose not to invest in private prisons. At Azzad, we follow internationally accepted criteria for Islamic investing: avoiding interest, leverage, alcohol, tobacco, gambling, and pork products. We also implement selected additional social […]
Azzad recognized again as ‘Top Guns Manager’ by Informa Investment Solutions
Falls Church, Va., 8/18/16 – Azzad Asset Management today announced that it has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Four of the firm’s strategies were among the top 10 performers within one or more peer groups reporting to PSN, the longest-running investment manager database in North America. “We […]
Sukuk bonds: Where the smart money is headed?
In today’s upside-down economic environment, tepid stock markets and negative interest rates in parts of Europe and Asia mean that neither equities nor bonds has provided the kind of performance many would like. Where can one look for an acceptable return? The answer may be sukuk bonds. Global dollar sales of sukuk climbed to $14 […]
Turkey’s failed coup creates an unlikely winner: Islamic banking
As the Turkish people pick up the pieces following the attempted military takeover of their government on June 15, speculation about the country’s economic future is rampant. From a slump in capital and credit markets to a downgrade in the country’s sovereign credit rating, many pundits are bearish about the long-term prospects for the republic. […]
Grow Your Advisory Firm with the American Muslim Investor
Grow Your Advisory Firm with the American Muslim Investor Are you interested in tapping into a market with above average levels of education and income? According to recent studies analyzing the American Muslim market: American Muslims have more than $100 billion in discretionary income. (Dinar Standard) Ninety-eight percent of Muslim consumers feel American brands “don’t […]
Azzad announces completion of independent Islamic audit
(Falls Church, Virginia, 7/12/16) — A leader in Islamic finance in the United States announced today the successful completion of an external Shariah audit and verification of its policies and procedures. Azzad Asset Management, investment advisor to the Azzad Funds, became the first firm in the United States to obtain such a verification with a […]
Avoid this fatal IRA rollover error
The IRS allows you to correct most errors. However, there is one error you cannot fix that could seriously harm your retirement funds. It’s a relatively new rule (became effective Jan. 1, 2015), and if you aren’t aware of it, it can cost you dearly. The rule: An individual can only do one 60-day IRA-to-IRA […]
Investing in a post-Brexit world
The United Kingdom’s exit from the European Union, or “Brexit,” became official yesterday with 52% of the vote. As expected, markets are reeling from the resulting uncertainty. Even though there is no precedent for what’s to come, we know a couple of things for sure. First, it will take two years to formally withdraw from […]
